142
142
Dec 5, 2012
12/12
by
CNBC
tv
eye 142
favorite 0
quote 0
could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth quarter because of these job cuts even though it expects them to generate $900 million in cost savings next year. interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts
could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth...
220
220
Dec 31, 2012
12/12
by
CNBC
tv
eye 220
favorite 0
quote 0
that's not even part of the fiscal cliff. that's in addition to the fiscal cliff. we're looking at an avalanche of regulations that were drawn up in the first four years of the obama administration, but then conveniently only beginning to be made public after the president's job was secure. his job is secure. now yours may not be, because hundreds of billions of dollars in regulatory costs are hitting the economy. look at what epa and others are doing. >> right. but grover, speaking of magicianship, you appear to be doing that right now. it looks like rates will increase. that technically is not a good thing for you and your pledge. >> it's a very bad thing for the economy, because what they're talking about is some -- allowing the rates to go back up, not just back up. remember, we go back -- the bush tax cuts disappear and you add the obama care tax increases. so they're taking the top rate not to 39.6, but to 43.4 for half of all small business income in the country. and people at high income earners of the united states. add to that the 35% corporate income tax
that's not even part of the fiscal cliff. that's in addition to the fiscal cliff. we're looking at an avalanche of regulations that were drawn up in the first four years of the obama administration, but then conveniently only beginning to be made public after the president's job was secure. his job is secure. now yours may not be, because hundreds of billions of dollars in regulatory costs are hitting the economy. look at what epa and others are doing. >> right. but grover, speaking of...
140
140
Nov 12, 2012
11/12
by
CNBC
tv
eye 140
favorite 0
quote 0
fiscal cliff. fiscal cliff. >> i don't know what to say. i don't know what to say. you mock me. >> i'm not mocking you. i'm mocking them. >> who is them? >> ceos. >> okay. i thought it was some broad international conspiracy including tri-lateral commission of the queen of england. >> just ceos who to your point are still very much undecided about making a big move. >> hold it. >> for a variety of reasons to be fair. it's that so-called uncertainty associated with things like the fiscal cliff no doubt about it. it's also the fact that making a big move in m & a typically if you're not rewarded perhaps where as if it goes well -- if it goes poorly you're going to lose your job. >> precision is the best in aerospa aerospace. you told me off camera they are really smart guys. the people who are stepping up tend to be smarter than the average bear. >> that may be the case. and in these kinds of environments where we see few details often those are the best deals. it's when everyone has confidence and equity markets are up and everyone is feeling great that they do stupi
fiscal cliff. fiscal cliff. >> i don't know what to say. i don't know what to say. you mock me. >> i'm not mocking you. i'm mocking them. >> who is them? >> ceos. >> okay. i thought it was some broad international conspiracy including tri-lateral commission of the queen of england. >> just ceos who to your point are still very much undecided about making a big move. >> hold it. >> for a variety of reasons to be fair. it's that so-called...
179
179
Dec 13, 2012
12/12
by
CNBC
tv
eye 179
favorite 0
quote 0
the fiscal cliff. he is about to give you the head start investors like. find out about it next in this mad dash. >>. >>> how will solar city fare in its debut this morning? chairman elon musk and lyndon rive will join us on cnbc. we count you down to the opening, the s & p losing less than one. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our
the fiscal cliff. he is about to give you the head start investors like. find out about it next in this mad dash. >>. >>> how will solar city fare in its debut this morning? chairman elon musk and lyndon rive will join us on cnbc. we count you down to the opening, the s & p losing less than one. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply...
220
220
Nov 20, 2012
11/12
by
CNBC
tv
eye 220
favorite 0
quote 0
also, regardless of the fiscal cliff there's cuts. the u.s. government is the world's biggest buyer of software associated with the running of any kind of government. that's another kind of corollary here. a big comment from a lot of people in the defense industry about that yesterday. i think they're the first company to come out and make realistic expectations of what will happen in the next couple of years. back to you. >> okay. thank you. dave cote is the head of the curve on all of this. let's shift to bonds and dollar. rick santelli at the cme group in chicago. rick? >> thank you, jim. everyone is excited about good housing numbers. everybody but the fixed income market. everybody but the equity market. i know there's an hp issue here. however, let's look at the charts. let's put up a two-day chart of tens. clearly you can see we're up about a basis point on the day. if you look on the right side of the chart and look around 8:30 eastern, you can't pick out that we had a good housing number. if you really switch this around a bit, you lo
also, regardless of the fiscal cliff there's cuts. the u.s. government is the world's biggest buyer of software associated with the running of any kind of government. that's another kind of corollary here. a big comment from a lot of people in the defense industry about that yesterday. i think they're the first company to come out and make realistic expectations of what will happen in the next couple of years. back to you. >> okay. thank you. dave cote is the head of the curve on all of...
172
172
Oct 5, 2012
10/12
by
CNBC
tv
eye 172
favorite 0
quote 0
. >> he must know how the fiscal cliff is resolving itself. do you remember that scene in "the wizard of oz" when they look through the crystal ball and they find out how to get to the promiseland. he's got the crystal ball. my hat's off to you. >> it's a great note. 1575, next year because congress, in his view evades the fiscal cliff in the first quarter which then allows investors to in his words focus $114 for s&p. >> the stock market is saying that, okay? i don't mean to be too gratuitous or say, look, what does he know because there are people who are making presumptions based on stocks. i have the unfortunate task of speaking to the ceo after ceo. if it's resolved, he's right. if it's resolved, he's right. maybe he gets resolved? >> isn't that the problem with confidence, david? there's this binary outcome that is facing us over the next few months and you're either very right or very wrong. >> perhaps even overstated a bit by the executives that led the corporations in this country and around the world. >> and by the way, so are market
. >> he must know how the fiscal cliff is resolving itself. do you remember that scene in "the wizard of oz" when they look through the crystal ball and they find out how to get to the promiseland. he's got the crystal ball. my hat's off to you. >> it's a great note. 1575, next year because congress, in his view evades the fiscal cliff in the first quarter which then allows investors to in his words focus $114 for s&p. >> the stock market is saying that, okay? i...
218
218
Sep 27, 2012
09/12
by
CNBC
tv
eye 218
favorite 0
quote 0
the problem frou is you have the fiscal cliff and the election. people now have yet another excuse not to do anything. had europe not bled into the summer as long as it did, maybe you'd have gotten that spark in activity. but right now you just don't have it. >> are you taking a lot of solace in what housing's done, what confidence is doing? >> yeah, the housing numbers i think are great. that's one of the reasons the economy hasn't been strong to this point in the cycle. housing is keeping us from really stuttering on growth. we need more in housing, all that free cash flow in the corporate sector to be put to more productive use, investing in capital and labor. there's a real need for it, carl, because the capital stock in the economy is basically depreciating. we're operating with old depleted capital. >> housing is a much smaller portion. the context of this is we need a much bigger engine for this economy this time around. >> we do. but partly most of the housing is so low because it came from a high level and then a collapse. if you look at
the problem frou is you have the fiscal cliff and the election. people now have yet another excuse not to do anything. had europe not bled into the summer as long as it did, maybe you'd have gotten that spark in activity. but right now you just don't have it. >> are you taking a lot of solace in what housing's done, what confidence is doing? >> yeah, the housing numbers i think are great. that's one of the reasons the economy hasn't been strong to this point in the cycle. housing is...
209
209
Oct 24, 2012
10/12
by
CNBC
tv
eye 209
favorite 0
quote 0
>> with respect to, carl, with respect to the fiscal cliff issues? >> yes, yes. >> look, the election is only a couple of weeks away now so i think we're going to see the outcome but my own view is whatever the outcome, the country is looking at this election as a referendum on specifically those issues that are being thought over now with respect to the budget, with respect to entitlements, with respect to the progress i have y i progressivity of the tax rate. whoever wins the election, the other side is not going to go into a funk, two years to the congressional election or four more years until the white house is up again. the country will have spoken. if the party that wins is wise it won't be a winner take all because at the end of the day they have to bring the other 49% or heck the loser may have 51% of the popular vote, they have to bring that along and that will make the outcome and the compromise more stable in the long run. depending on who wins we should either have a right of center outcome or a left of center outcome, but personally i d
>> with respect to, carl, with respect to the fiscal cliff issues? >> yes, yes. >> look, the election is only a couple of weeks away now so i think we're going to see the outcome but my own view is whatever the outcome, the country is looking at this election as a referendum on specifically those issues that are being thought over now with respect to the budget, with respect to entitlements, with respect to the progress i have y i progressivity of the tax rate. whoever wins...
199
199
Jul 9, 2012
07/12
by
CNBC
tv
eye 199
favorite 0
quote 0
but i'm talking to a lot of people here in town who expect we're going to go over that fiscal cliff in january. >> eamon, thank you. eamon javers from washington. >>> back to this morning's monday merger, health insurer wellpoint planning to buy amerigroup. morgan stanley health care index having its best day in 3 1/2 years. anna gupta joins us on the newsline. this is accretive to earnings in about a year or so, this deal. but specifically for wellpoint, buzz this offset or counterbalance the problem that its margins will be -- >> wellpoint has reached a growth of stalling, if you will. and bauftd health care overhaul, particularly in the commercial markets, the markets will be under a great deal of pressure. with this deal, they open themselves up to a new growth engine, both from obamacare, but in addition, the states are privatizing their medicaid programs and the dual eligib eligible -- the senior population that also are low income are also going through -- [ inaudible ] -- >> important about this deal is the groundwork that was laid prior to this deal. that was the acquisition o
but i'm talking to a lot of people here in town who expect we're going to go over that fiscal cliff in january. >> eamon, thank you. eamon javers from washington. >>> back to this morning's monday merger, health insurer wellpoint planning to buy amerigroup. morgan stanley health care index having its best day in 3 1/2 years. anna gupta joins us on the newsline. this is accretive to earnings in about a year or so, this deal. but specifically for wellpoint, buzz this offset or...
402
402
Apr 27, 2012
04/12
by
CNBC
tv
eye 402
favorite 0
quote 0
they're talking about the fiscal cliff. the question is when the market starts to focus on that. >> i'm really glad you're here today. i'm depressed by these figures. i'm depressed of the low quality of growth. you know, the fourth quarter, two-thirds of the growth there was about business inventories. it's also a major factor in this quarter. it may have been brought forward. this is actually very poor growth for america. we should recognize that. >> it's poor growth certainly from a level basis, simon. we've had more job growth. we've had some income growth. i'm not surprised to see these consumer growth spending numbers. i'm okay with that. what concerns me right now is what's going on with business. there could be an issue from the fourth quarter. those ran off would be maybe seeing as pay back here until it normalizes. if business is going to stop, that has medium and long-term investments. >> last year, i'm still waiting to see if we had a housing rebound that could help. business investment not picking up the slack.
they're talking about the fiscal cliff. the question is when the market starts to focus on that. >> i'm really glad you're here today. i'm depressed by these figures. i'm depressed of the low quality of growth. you know, the fourth quarter, two-thirds of the growth there was about business inventories. it's also a major factor in this quarter. it may have been brought forward. this is actually very poor growth for america. we should recognize that. >> it's poor growth certainly from...
201
201
Jul 12, 2012
07/12
by
CNBC
tv
eye 201
favorite 0
quote 0
one of the key points you make is about the fiscal cliff which in some ways you can write it and say hey let's just deal with it but in reality and we heard john malone earlier talk about this from sun valley it does appear to be more complex than that and there's a lot of people who think politically we'll be able to deal with these issues such as deficit reduction and get everything in line. >> this thing is a big threat and i worry as the end. year approaches more businesses pulling in their horns because they are worried about how that thing will unfold. but i believe we'll fix it for two reasons. one, last year every one. slow downs whether shutting down the government or debt ceiling we managed to fix it. >> at the end of the bay, boehner and obama could not come to a grand bargain and kicked the can down the road when it comes to this key issue so we'll have a cutting that just takes effect as you well know. what gives the confidence that our political leaders can reach a real agreement? >> they always have in the past. and i think that one of the reasons it will be different
one of the key points you make is about the fiscal cliff which in some ways you can write it and say hey let's just deal with it but in reality and we heard john malone earlier talk about this from sun valley it does appear to be more complex than that and there's a lot of people who think politically we'll be able to deal with these issues such as deficit reduction and get everything in line. >> this thing is a big threat and i worry as the end. year approaches more businesses pulling in...